Market Overview:

This report presents an extensive evaluation of the GCC Drilling Fluids Market, focusing on historical data from 2018 to 2021 while offering detailed forecasts for the period between 2023 to 2028. The analysis encompasses various aspects, including market Size, Share, Growth, Analysis, Trends and competitive insights.

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Table of Contents (GCC Drilling Fluids Market)

  1. Executive Summary
  2. Market Definition & Research Methodology
  3. Market Dynamics: Drivers, Challenge, Trend and Opportunities
  4. Segment Analysis and Geographical Breakdown
  5. Competitive Landscape & Strategic Initiatives
  6. Regulatory Environment & Policy Factors
  7. Growth Forecast Model (2023–2028)
  8. Appendix: Company Profiles, Data Sources, Methodology

What’s covered in the report?

Market Key Driver:

Expansion of the Allied Industries Driving Demand for Drilling Fluids in GCC Region-The rising demand for crude oil globally and the surging exploration activities of oil and gas industry in the GCC countries like Saudi Arabia, Kuwait, etc., are driving the demand for Drilling Fluids in the market. Additionally, rising onshore boring operations and expansion of offshore oil & gas fields by the countries such as Kuwait, Saudi Arabia, etc., are anticipated to further drive the demand for Drilling Fluids in the region. For instance, in 2021, Saudi Arabia’s Aramco announced the start of the development of the vast Jafurah unconventional gas field, the largest non-associated gas field in the Kingdom of Saudi Arabia. The plant is expected to initiate its production operations by 2025.

Moreover, the rising construction and mining activities in the GCC region require drilling machines to develop the projects, which certainly boosts the need for Drilling Fluids in the regional market. For instance,

  • In 2023 Oman invested USD 300 million in a copper mining project.

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Leading players of GCC Drilling Fluids Market including:

  • NewPark Resources Inc.
  • Drill Chem Drilling Fluid Factory
  • Scomi Group Bhd
  • RTE Group
  • Gumpro Drilling Fluid
  • Baker Hughes
  • Petrochem Performance Chemical ltd. LLC
  • Others

GCC Drilling Fluids Market Segmentation:

By Fluid System

  • Water-based
  • Oil-based
  • Synthetic-based
  • Others (Air, foam, etc.)

By Application

  • Offshore
  • Onshore

The extensive availability of crude oil & gas reserves in offshore areas of the GCC region, is a prominent factor leading to an augmented use of Drilling Fluids in offshore operations.

By Well Type

  • Conventional Well
  • High Pressure and High Temperature (HPHT)

By Competition

  • Market Share of Top Companies

By Country

  • The UAE
  • Saudi Arabia
  • Bahrain
  • Oman
  • Qatar
  • Kuwait

Saudi Arabia is experiencing substantial market growth in the Drilling Fluids industry in the Middle East.

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Key Highlights of MarkNtel Advisors' Research Methodology

  • MarkNtel Advisors uses a robust methodology for accurate market analysis.
  • Research objectives are clearly defined with tailored methodologies for clients.
  • A representative sample is selected to ensure reliable data collection.
  • Data analysis includes cleaning, statistical evaluations, and validation checks.
  • Predictive modeling forecasts trends, and reports include strategic recommendations.

About MarkNtel Advisors:

We are a leading market research firm providing research, consulting, and data-driven intelligence to clients across diverse industries globally. Our reports are tailored to help businesses identify lucrative opportunities and mitigate potential risks using actionable insights.

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